This afternoon, leading aluminum producer Alcoa Corp (NYSE:AA) will report earnings after the closing bell. While Alcoa may not move the major stocks indexes much, it is an indication that the start of corporate earnings season is upon us. The trading volume over the past couple of weeks has been extremely light. Short term traders are looking forward to the increase in volume and volatility that is certain to hit the stock markets over the next month.… Continue
Added by Bryan Leighton on January 9, 2012 at 3:59pm —
This morning, all of the major stock indexes are coming under severe selling pressure. The volume on the decline is very heavy, signaling that institutional money wants out of this market right now. Leading stocks such as Apple Inc (NASDAQ:AAPL), J.P. Morgan Chase & Co (NYSE:JPM), and Exxon Mobil Corp (NYSE:XOM) are all trading sharply lower to start the day. In other words, the baby is being thrown out with the bath water. The problems in the European Union is once again the… Continue
Added by Bryan Leighton on November 9, 2011 at 10:28am —
Investors, traders and even institutions are feeling pain today after the markets collapsed for the second day in a row. Just days after the media proclaimed all was perfect in the world once more, poor economic news ripped the markets from China and the massive bailout of Greece may fall apart. The S&P 500 has fallen over 5% in the last two trading days. Just today, the SPDR S&P 500 ETF (AMEX:SPY) is trading at $122.00, -6.60 (-5.13%). Continue
This is a classic joke of a market.…
Added by Bryan Leighton on November 1, 2011 at 1:08pm —
Tomorrow, the U.S. Labor Department will report the September non-farm payroll report. After a three day rally some investors could decide to lock in profits ahead of the report. Economists are expecting a gain of 90,000 jobs. Most traders are expecting an increase of 50,000 jobs. In any case, it really comes down to how the stock market reacts to the news as the actual number is often irrelevant.
Added by Bryan Leighton on October 6, 2011 at 3:32pm —
When the stock markets get into serious trouble the Oracle of Omaha will come out of the woodwork to defend stocks. Once again, Warren Buffett just appeared on CNBC live from the New York Stock Exchange. Mr. Buffett said that he is buying stocks and is investing in the United States. The SPDR S&P 500 Index (NYSE:SPY) has climbed sharply off the lows. Traders should watch for intra-day resistance on the SPY around the $115.52 area.
Nicholas Santiago… Continue
Added by Bryan Leighton on September 30, 2011 at 10:37am —
It is pretty sad when the only way to get the stock market to trade higher is by selling off the U.S. Dollar Index (DX Z1). The U.S. Dollar Index measures the value of the U.S. Dollar versus six leading currencies such as the Euro 58.6%, Japanese Yen 12.6 %, Pound Sterling 11.9%, Canadian Dollar 9.1%, Swedish Krona 4.2%, and the Swiss Franc 3.6%. When the world's reserve currency declines the major stock indexes will inflate and trade higher. Politicians continue to say that they want a… Continue
Added by Bryan Leighton on September 19, 2011 at 3:41pm —
Anyone who has ever traded these markets for any considerable amount of time knows that the first hour to ninety minutes of the day is the best part of the day. This is a time period when there is volume in the market. Day traders can actually trade off of good support and resistance level. Active markets are always the best markets for trading.
If you have ever looked at an intra-day chart of a stock or index you will notice that the trading volume declines dramatically after… Continue
Added by Bryan Leighton on August 25, 2011 at 3:57pm —
The Dow Jones Industrial Average(DJIA) and the rest of the major stock indexes are having one of the steepest one day declines since the May 6, 2010 flash crash. At this time, there are many selling signals that have triggered. Everyone is talking about the big head and shoulders top pattern that triggered two days ago on the daily chart. Other investors are talking about the Dow Theory sell signal that triggered yesterday when the Dow Jones Industrial Average and the Dow Jones… Continue
Added by Bryan Leighton on August 4, 2011 at 3:55pm —
The U.S. Dollar Index is probably the most important chart that any trader can follow. This morning before the opening bell the U.S. Dollar Index futures (DX U1) traded as high as $74.91 per contract. Once the personal income data was released at 8:30 am EST, the U.S Dollar Index has reversed most of its pre-market gains by declining over 0.50 cents to $74.37 per contract.
It is important for traders to understand that a 0.50 cent move in U.S. Dollar Index can move the major… Continue
Added by Bryan Leighton on August 2, 2011 at 10:29am —
By now, most traders should know that when the U.S. Dollar Index surges higher the major stock market indexes will deflate and decline lower. That is exactly what is happening this morning, the major stock indexes are declining sharply lower as the U.S. Dollar Index rallies. Short term traders must watch for some short term intra-day resistance on the U.S. Dollar Index futures(DX U1) around the $76.08, and $76.34 levels.
Should the U.S. Dollar Index pullback at some point throughout… Continue
Added by Bryan Leighton on July 18, 2011 at 11:01am —